DR 052: A Step-by-Step Guide to Rebalancing Your Investments

Rebalancing Investments

Podcast: Play in new window | Download | EmbedIn the last podcast, we talked about why rebalancing your investment portfolio is important and how to create a rebalancing plan. Today we are going to walk through step-by-step how to actually rebalance your retirement and other investments. As we discussed in the last podcast, you can […]

Published or Updated: April 11, 2014

Idle Cash is the Devil’s Workshop

3 Ways to Put Your Cash to Work ASAP

One thing I’ve learned as a parent is that “idle hands are the devil’s workshop.” Keep children busy and you keep them out of trouble. The same is true with money. Cash sitting in your checking account is just begging to be spent mindlessly. The longer it sits there, the more likely we are to […]

Published or Updated: April 10, 2014

DR 051: Rebalancing–How to Create a Plan to Easily Rebalance Your Investments

Rebalancing Investments

Podcast: Play in new window | Download | EmbedRebalancing your investment portfolio is an important part of managing your money. Having carefully selected your asset allocation, rebalancing ensures that your investments stay in line with the allocation you’ve chosen. In this article (and podcast) we cover creating a rebalancing plan. We’ll cover topics such as […]

Published or Updated: April 9, 2014

How Long Does it Take to Save a Month’s Worth of Expenses?

Saving a month worth of expenses

We often talk about the importance of saving an emergency fund. You’ve probably heard financial experts suggest building an emergency fund that is equal to three to six months’ worth of expenses. Have you ever thought about just how long it takes to save even one month of expenses? The formula to figure out just […]

Published or Updated: April 8, 2014

DR 050: How to Prepare as You Near Retirement [Interview with Author Emily Birken]

5 Years Before You Retire

Podcast: Play in new window | Download | EmbedAre you ready to retire? Have you done all of the things you should have in the few years leading up to retirement? These are the questions our guest today has answered in her comprehensive book on retirement readiness, The Five Years Before You Retire. I had […]

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Published or Updated: April 3, 2014

How Much Monthly Income Can Your Retirement Savings Generate?

Personal Capital FSI

If you’ve listened to the 31-Day Money Challenge, you know that Personal Capital was one of our sponsors. I was happy to have them sponsor the series because I’ve used Personal Capital for quite some time, and I like the tool a lot. Personal Capital is a free online tool that lets you connect all […]

Published or Updated: April 2, 2014

5 Resources to Help You Allocate Your Retirement Assets

Vanguard Target Retirement 2050 Fund

This article is a companion piece to the podcast on how much of your retirement nest egg you should invest in stocks. Here I’ll share some resources that can help you make this important decision. 1. Target Date Retirement Funds Vanguard (among other companies) offers target date retirement funds. These fund of funds, as they […]

Published or Updated: April 2, 2014

DR 049: How Much of Your Retirement Nest Egg Should You Invest in Stocks?

Untitled spreadsheet

Podcast: Play in new window | Download | EmbedIn the 31-Day Money Challenge, we covered the basics of asset allocation. Today we are going to focus more specifically on how much to invest in stocks and how much in bonds. The stock/bond allocation is the most important piece of asset allocation. The question of stocks […]

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Published or Updated: April 2, 2014

Betterment Review – Online Investing Made Easy

Betterment Add Withdraw Money

When it comes to investing, one of the most important factors is cost. That’s why it is important to invest in low cost mutual funds and ETFs, and to use a low cost broker if you buy individuals stocks and bonds. And that brings me to this review of Betterment, an online tool that makes […]

Published or Updated: April 1, 2014